What Account Types and Fees Does Inceptial Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners |
Low minimum deposit, user-friendly platform |
Ideal for new traders looking to gain experience |
| Professional Account |
Experienced traders |
High leverage, tailored services, lower spreads |
Requires verification of trading experience and capital |
| Corporate Account |
Corporate clients |
Custom solutions, multi-user access |
Requires corporate documentation and higher initial deposit |
| Islamic Account |
Islamic traders |
Swap-free, compliant with Sharia law |
Requires proof of religious affiliation |
| Demo Account |
All traders |
Practice trading without risk, virtual funds |
No capital requirement, ideal for testing strategies |
Account Opening Process
To open an account with Inceptial, traders must follow a straightforward process. First, they need to submit personal information, including their name, email, and phone number. Next, employment details and financial information, such as income and net worth, are required. Afterward, identity verification is necessary, which includes providing a government-issued ID and proof of address (like a utility bill). Inceptial also offers account flexibility, allowing traders to upgrade from a standard to a professional account as their trading experience and capital grow.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive pricing on majors |
| CFDs (Stocks) |
0.2% |
$0.01 per share |
Varies by stock |
| CFDs (Indices) |
0.5% |
$0 |
Standard charges apply |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
Inceptial has various fees that traders should be aware of. Deposit and withdrawal fees include a 3.5% charge on card withdrawals and a $30 fee for wire transfers. Inactivity fees apply after a certain period of account dormancy. Additionally, overnight interest (swap rates) may be charged on positions held overnight, and currency conversion fees may apply for transactions involving different currencies.
